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"however I am with Interactive Investor"
If it helps I am also with Interactive Investor and spoke to them last year about the specific problem of borrowing shares.
I was told in no uncertain terms that they do not lend out shares under any circumstances. I assume that to still be the case now.
"Still, when the market goes down it still seems to take all of my stuff with it anyway!"
Oh gods I know that feeling. I'm not superstitious, but there are moments where I log into my portfolio, see a sea of red across almost everything and wonder if, Jonah like, I'm just cursed to bring bad fortune to any share I invest in.
A little over 70% holding in GGP for me with the remainder spread over four more shares and an index fund, but when (ha!) the GGP SP recovers sufficiently I intend to restructure my spread and even things out a little more. I'd normally never go above 50% on a single holding in my portfolio, but GGP's fundamentals are such that I'm quite comfortable with its dominance. Unlike certain other shares (ECR & PHE, I'm looking at you).
"Mr H always shoots from the hip , tells it the way it is."
Slightly off-topic, but I've always found it interesting that "tells it the way it is" is almost never used to justify a kind, considerate, or positive statement. I'd much prefer to hear somebody saying "My friend says that being kind to those less fortunate than ourselves and striving to promote and protect equality improves life for everyone. They tell it like it is."
"Any thoughts as to why this has dropped? I thought it was a positive RNS. "
I know exactly why the drop has occurred...
...which leads me neatly into needing to make an apology to this board.
I heard about this share through the Funky Finance channel and subsequently carried out a lot of my own research into it. Whilst I'm not a qualified financier, that research pretty convincingly showed strong fundamentals and an excellent future for this share as a long hold, so I dipped in and have bought a thousand shares.
The drop has occurred because I've bought into it. Sorry about that.
"that websites absolutely shocking, not a good advert for the company atall, I can hardly make out what they do"
Before jumping to conclusions, medlington, I can reassure you that the mining company's site is not poor or badly eesigned; it's just currently experiencing a minor CSS issue (due to a rogue U+0040 character on line 19 of their external ifw2ybt.css stlyesheet, if you're interested) that's causing the disorder you're seeing.
That's not the same thing as an unprofessional or poorly designed website (which, looking over their source code, this isn't; it's actually pretty well put together using the WP framework).
Thanks to your highlighting it, I've emailed the company today with a polite notice that the site is currently experiencing layout issues and giving them the specific cause. I iamgine they'll have it fixed shortly.
Much the same boat; I've bought all I can for now and have an average of just above 20p now.
It's frustrating having huge desire, seeing huge potential, but lacking the huge capital to act on it!
"My first post and I just wanted to say I love Argo. I think it's a great company and I will be buying more shares on every dip. Ignore the naysayers, they do not have a clue."
About as convincing as an email from a Nigerian prince.
"50% down is little bit more than settling, very much a one way ticket downwards currently"
But that rather depends on the bredth of your view, doesn't it? You can take a short timeslice of pretty much any share in existence and lament for the company based on the SP in that tiny timeframe.
It's the longer view, underpinned by fundamentals, that's important.
But then, it's easy to be philosophically calm for me; I have some small investments in cryptos and - believe me - a 50% swing in a short time period is nothing!
"that silverhorse is the same"
Sorry, that should of course have read "that Trouper is the same". Mea culpa!
"close to production or you serious is that not 2 years away?"
But the perception of time, like the perception of money, is comparative. I scale my GGP investment in years, not months, so two years really isn't very long at all.
I'm assuming, perhaps wrongly, that silverhorse is the same and that's what they meant by "close to production".
"Should i sell up, make my money safe, put it in the bank, earn 1% or sit tight for 100% plus in the coming months. Oh so hard where is a financial advisor when you need one."
Whilst not technically qualified to provide financial advice, I shall make an exception to you in this instance.
The answer is yes, you should absolutely sell all your shares to me. The reason is I once glanced at Paddy's satellite images, and had an extensive financial discussion with some bloke down the pub last week, and have come to the conclusion there is no gold. None at all.
Don't put your faith in certain posters on this board and their silly 'facts' or geological 'expertise'. Remember that the online democratisation of opinion means our ignorance is worth just as much as their so-called 'knowledge', so you should absolutely sell of your shares immediately and to me personally at a discount rate.
You're welcome.
To lend my own, small, voice to the chorus of advice not to sell; I am a very, very small time investor holding only 25,000 shares in GGP. I'd love to hold more, but 25k is all I have been able to afford thus far.
Like everyone else, I have watched the SP plummet from the 38p highs and, even though my own entry point was nowhere near that top, I - like many others - am significantly underwater right now.
I log into my portfolio and see nothing but months of red for GGP. Do I panic? No. Do I sell? No.
When I look at my decimated GGP holding I do not see ruin; I see opportunity. It's for this reason I'll be buying a few more shares next payday, and a few more after that, and more after that.
The fundamentals haven't shifted. It's simply a matter of patience and perspective; two qualities essential for investing but rather lacking in today's world where gratification is expected instantly.
The point of this post is that if I - as a very small time investor for whom this SP drop is significant - am not concerned then why are you?
"Can one imagine though having this ESP in life... one would be a multi billionaire and living in Monacco."
And, if you think about it, utterly miserable.
"Your life savings are 12K? I sincerely hope you are under 20."
Comments like this are unhelpful, unkind, and completely unecessary.
Wealth is entirely subjective, and whilst one person may consider 12k to be a small amount of money for others it's a life-changing amount of money.
We are still in the midst of a global pandemic and economic shock. You have absolutely no idea about somebody else's financial situation, so dismissive comments like yours serve absolutely no purpose other than to make someone feel bad.
I suspect this board would be a far richer, more valuable place were we all to be a little more sensitive and respectful to one another.
My own little investment in GGP is just that - little - but I feel it's important to also update this thread with more modest investments to show that we do exist and this share isn't simply held by those who hold millions of shares and can afford to pile tens of thousands into investments.
I came to GGP late and currently hold 25,000 shares at an average of 23.13p; the eagle-eyed among you will have spotted that makes me underwater at the moment, but I'm supremely confident in this share and have no intention to sell any time soon.
I would of course love to increase this holding significantly, but unfortunately I fall into an age bracket that is typified by modest wages, high living costs, and insanely high rents, so any spare money to invest is extremely (and painfully!) limited.
Fowl puns...
Whilst these corrections are always painful (I myself am underwater right now) it's always worth remembering the fundamentals and why you invested in the first place.
This is a correction, not a collapse. Everyone has their own level of risk tolerance, and their own reasons for investing, but please remember that whilst this a volatile asset (BTC) in a volatile market (AIM), the fundamentals of ARB have not changed and I won't be in the least surprised to see it rise again to a new ath in the coming months.
Speaking personally, I'm supremely calm about this drop and will only take this opportunity to add to - rather than sell - my holdings here.
It is tough, but it's worth remembering - I think - why you are invested here in the first place.
I don't think any serious holder here is in GGP for the proverbial 'quick buck' (and, if they are, then a thorough examination of their market strategy might be in order), but if the recent trends are really causing discomfort then maybe a break from checking the SP is needed. I assume most people here are serious LTH investors, so the current SP - which we know is in no way an accurate reflection of the true value of the company - is largely irrelevant.
I know the current trend is tough (and I say that as somebody who is underwater with a 23.87p average) but I'm supremely calm about this movement. I have no need to access the money now, and I firmly believe all will come good with a little patience.
@medlington - Absolutely right; those would be the "exceptions" and "ways around it" I referred to in my earlier posts.
In fact, there may also be GDPR issues with the public display of these IPs, so LSE may be understandably hesitant to make that move, but there are a number of other options open to them to reduce our troll woes.
I have to say that their decision to restrict the posting rights of new accounts that are created out of office hours has had a notably beneficial effect on the board and cleaned out a lot of the more disruptive, infantile trolls; now we just need to eradicate the marginally more sophisticated ones.